Lockheed Martin 1996 Annual Report Download - page 71
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(In millions)
Balance at December 31,1993
Earnings before cumulative effect
of change in accounting
Cumulative effect of change in
accounting
Dividends declared on preferred
stock ($3.00 per share)
Dividends declared on common
stock ($1.14 per share)
Stock awards and options, and
ESOP activity
Balance at December 31,1994
Net earnings
Dividends declared on preferred
stock ($3.00 per share)
Dividends declared on common
stock ($1.34 per share)
Repurchases of common stock
Stock awards and options, and
ESOP activity
Balance at December 31,1995
Net earnings
Dividends declared on preferred
stock ($3.00 per share)
Dividends declared on common
stock ($1.60 per share)
Stock awards and options, and
ESOP activity
Stock exchanged for
Materials shares
Balance at December 31, 1996
Preferred
Stock
$ 1,000
—
—
—
—
—
1,000
—
—
—
—
—
1,000
—
—
—
—
—
$1,000
Common
Stock
$ 198
—
—
—
—
1
199
—
—
—
(2)
2
199
—
—
—
2
(8)
$193
Additional
Paid-in
Capital
$ 689
—
—
—
—
45
734
—
—
—
(148)
97
683
—
—
—
151
(742)
$ 92
Retained
Earnings
$ 3,721
1,055
(37)
(60)
(214)
5
4,470
682
(60)
(254)
—
—
4,838
1,347
(60)
(302)
—
—
$5,823
Unearned
ESOP
Shares
$ —
—
(350)
—
—
33
(317)
—
—
—
—
30
(287)
—
—
—
35
—
$(252)
Guarantee
ofESOP
Obligations
$(407)
—
407
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
$
Total
Stockholders'
Equity
$ 5,201
1,055
20
(60)
(214)
84
6,086
682
(60)
(254)
(150)
129
6,433
1,347
(60)
(302)
188
(750)
$6,856
Consolidated Statement of
Stockholders' Equity
See accompanying Notes to Consolidated Financial Statements.
Lockheed Martin Corporation